Setups for the first week of September
( click to enlarge )
Another great day for Zale Corporation (NYSE:ZLC) as it breached new
highs. ZLC closed higher for a 6th day on very impressive money
volume. The trend continued higher based on the strong technicals. On the daily chart, the RSI is showing overbought levels, suggesting prices could face increasing resistance, so a pullback in the stock
should be considered a buying opportunity as it is clearly above its
13-day moving average.
( click to enlarge )
Shanda Games Limited (NASDAQ:GAME) was a nice winner for my readers and
twitter followers. I brought this stock to your attention Thursday ( via
twitter ) at $3.64 and today it closed at $3.89 on massive volume. Now
GAME's stock just needs to consolidate underneath the 200-day moving
average. I will be watching the technicals in the next several sessions.
( click to enlarge )
InterDigital, Inc. (NASDAQ:IDCC) continues to gain momentum. I
definitely like the way its trading now and at some point I think it
will leap over $35. Do not forget about the potential company share
buyback ( $200 million ) and other recent positive news.
( click to enlarge )
NVIDIA Corporation (NASDAQ:NVDA) Needs to hold the 200-day moving
average at $14 and as long as it holds on closing basis the downside is
limited. From the technical analysis perspective, the outlook for the stock is
relatively bearish. MACD and RSI charts are flashing bearish signal.
However, due to the recent sell-down, the Stochastic is moving towards
oversold territory in the other words signaling a BUY signal. This will be a stock to watch next week.
( click to enlarge )
Electronic Arts Inc. (NASDAQ:EA) - Traders continued buying up this stock as it surged again today this
time to the tune of 2.54% on solid volume closing above its 13-day
moving average. The stock warrants some attention next week. Bullish
Stochastic cross on daily. Next resistance lies at 13.89 then 14.39
( click to enlarge )
StemCells, Inc.(NASDAQ:STEM) has been on a nice uptrend recently and
could be ready to breakout after strong volume in the last two trading
sessions. I wouldn't be surprised to see this stock trade back to $2.31
or better in the short term.
During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog twitter and newsletter, so you can receive my trade ideas and stock news in real time.
Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.
Thanks for visiting AC Investor Blog.
AC
Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.
Thanks for visiting AC Investor Blog.
AC
Labels: EA, GAME, IDCC, NVDA, STEM, ZLC
